{"id":219,"date":"2009-04-20T19:43:51","date_gmt":"2009-04-21T00:43:51","guid":{"rendered":"http:\/\/multithreader.com\/TheInquisitiveMind\/?p=219"},"modified":"2009-04-20T19:50:22","modified_gmt":"2009-04-21T00:50:22","slug":"the-rally-is-over-may-be-not","status":"publish","type":"post","link":"http:\/\/multithreader.com\/TheInquisitiveMind\/2009\/04\/20\/the-rally-is-over-may-be-not\/","title":{"rendered":"The Rally Is Over! May be not.."},"content":{"rendered":"<p>The market finally had a major distribution day with the SPX losing 4.28%  today. <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/propeciabuysale.com'>book com guest online penny propecia site<\/a><\/div>\n<p><!-- ~~sponsored~~ --> To many chart readers, this was an easy short:<\/p>\n<p>-> The wedge price pattern was converging<br \/>\n-> Strong resistance was expected at the 875 level.<br \/>\n-> The  market was over-bought to a level rarely seen in the  <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href=\"http:\/\/drug-vpxl.com\/drug\/male_enhancement_oil.html\">male erection enhancement oils<\/a><\/div>\n<p><!-- ~~sponsored~~ -->market across a variety of technical indicators.<\/p>\n<p>A lot of observers feel that this was a vicious bear market rally, powered by beaten down stocks in sectors with weak fundamentals, which has now run its course.<\/p>\n<p>Though I too have a short bias, I am a bit reluctant to call the rally toast. From the chartist perspective, we have not seen what we could call a definite topping pattern like a Head and Shoulders, a Double Top, a Climax Top or an Island Reversal. Further it may be a bit premature to assume that the Coordinated Cheerleading being orchestrated from Washington, is coming to an end; some  bearish articles  or research rep <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/drug-zithromax.com\/buy\/antibiotics\/bactrim.html'>allergy bactrim<\/a><\/div>\n<p><!-- ~~sponsored~~ -->orts not withstanding. <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/pharmacy-clomid.com'>clomid 150mg<\/a><\/div>\n<p><!-- ~~sponsored~~ --><\/p>\n<p>Several indicators,  including the all important Jobs Lost  are showing sings  of improvement and stability. <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/pharmacy-cytotec.com'>high quality cytotec<\/a><\/div>\n<p><!-- ~~sponsored~~ --> <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/antibioticorder.com'>buy generic antibiotics<\/a><\/div>\n<p><!-- ~~sponsored~~ --> <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href=\"http:\/\/drug-vpxl.com\">vpxl made easy<\/a><\/div>\n<p><!-- ~~sponsored~~ --> Whether these are just a pause in a continuing slide or the  sign of the bottom is far from certain. <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/drug-diflucan.com'>diflucan 100 mg<\/a><\/div>\n<p><!-- ~~sponsored~~ --> But if this stream of <i> better than expected<\/i> economic   indicators continues, the   rally might not die. <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/pharmacykamagra.com\/drug\/kamagra.html'>100mg free kamagra picture tablet<\/a><\/div>\n<p><!-- ~~sponsored~~ --> <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/antibiotics-cheap.com\/buy\/zithromax.html'>2004 10 04 zithromax zithromax<\/a><\/div>\n<p><!-- ~~sponsored~~ --> <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/drug-doxycycline.com'>antibiotics doxycycline<\/a><\/div>\n<p><!-- ~~sponsored~~ --> <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href=\"http:\/\/drug-vpxl.com\/drug\/premature_ejaculation_cure.html\">download cure premature ejaculation by paul lain<\/a><\/div>\n<p><!-- ~~sponsored~~ --><\/p>\n<p>Though the overall earnings situation has been mixed, the technology sectors, especially the more high-profile names are doing quite well, given the circumstances. Both Intel  and Tex <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/antibiotics-cheap.com'>buy antibiotics online and pay cod<\/a><\/div>\n<p><!-- ~~sponsored~~ -->as Instruments talked about the end of the  inventory glut and a return to  more normal demand patterns. <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/drug-brand-levitra.com\/buy\/men_s_health\/ventolin.html'>and ventolin and<\/a><\/div>\n<p><!-- ~~sponsored~~ --> <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/drug-viagra.com'>arthritis cialis inflammation medicine menstrual moderate pain tramadol viagra<\/a><\/div>\n<p><!-- ~~sponsored~~ --> IBM reaffirmed its guidance with an upward bias.<\/p>\n<p>But perh aps the most  signific <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/drug-viagra.com'>cialis comparison diflucan famciclovir viagra<\/a><\/div>\n<p><!-- ~~sponsored~~ -->ant factor which might help propel the rally forward, is that there are a lot of investors who missed out the move from the March lows and are eager to get in. <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/drug-nolvadex.com'>buy nolvadex uk<\/a><\/div>\n<p><!-- ~~sponsored~~ --> A conservative trader I follow, bought the financials (XLF) on  the dip today. <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/pharmacy-cipro.com\/drug\/zyvox.html'>how often can zyvox be administered to patients<\/a><\/div>\n<p><!-- ~~sponsored~~ --> He is quite clear that it is a not a long term hold, not even a position play; but as a trade he is willing to take a swing. His position was partially influenced by the fact that he had refrained from trading the wild moves in banks in the past, but now sees enough momentum and interest in the stocks for him to feel comfortable to trade the swings.<\/p>\n<p><a href=\"http:\/\/content.screencast.com\/users\/aviat72\/folders\/Jing\/media\/dd0b9b2c-4ee2-48e7-81db-77c7534bd319\/2009-04-20_1952.png\"><img loading=\"lazy\" alt=\"\" src=\"http:\/\/content.screencast.com\/users\/aviat72\/folders\/Jing\/media\/dd0b9b2c-4ee2-48e7-81db-77c7534bd319\/2009-04-20_1952.png\" title=\"ES Grid\" class=\"aligncenter\" width=\"610\" height=\"460\" \/><\/a><\/p>\n<p>As the chart shows, the SPX is still in the upward sloping channel.  Bye  <!-- ~~sponsor~~ --><\/p>\n<div style='position:absolute;top:-200px;left:-200px;'><a href='http:\/\/drug-doxycycline.com'>doxycycline 100 mg tablets<\/a><\/div>\n<p><!-- ~~sponsored~~ -->Bye Wedge, Hello Channel!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market finally had a major distribution day with the SPX losing 4.28% today. book com guest online penny propecia site To many chart readers, this was an easy short: -> The wedge price pattern was converging -> Strong resistance &hellip; <a href=\"http:\/\/multithreader.com\/TheInquisitiveMind\/2009\/04\/20\/the-rally-is-over-may-be-not\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[41,179,176],"tags":[186,185,107,43,167,187,182],"_links":{"self":[{"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/posts\/219"}],"collection":[{"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/comments?post=219"}],"version-history":[{"count":5,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/posts\/219\/revisions"}],"predecessor-version":[{"id":224,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/posts\/219\/revisions\/224"}],"wp:attachment":[{"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/media?parent=219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/categories?post=219"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/multithreader.com\/TheInquisitiveMind\/wp-json\/wp\/v2\/tags?post=219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}